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Toyo Tires – Serbia plant key to supporting business strategies

In the two years since opening its new plant in Serbia, Toyo Tire Corporation has come to view the facility as “extremely cost-competitive.” The tyre maker completed the installation of production equipment at the site in December 2023, and although the company states in its Integrated Report 2024 that “many obstacles” remain before the plant can “start a vertical take-off toward full-scale operation,” it anticipates that full production systems will be “up and running” before the end of the current business year.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Toyo Tires tweaks R&D HQ’s organisational structure
  4. Toyo breaks ground on Serbia tyre factory
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Toyo Tire publishes Integrated Report 2024

Toyo Tire Corporation has released its Integrated Report 2024, a document that offers a comprehensive overview of the company’s financial and non-financial performance. This report is an annual publication aimed at providing stakeholders with a clear understanding of the company’s activities and its contributions to society.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Toyo Tires updates natural rubber procurement policy
  4. Toyo Tires closing US auto parts operation
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Toyo Tires: Enhancing proprietary design technology

Toyo Tire Corporation has adopted a seventh-generation Hewlett Packard High-Performance Computing (HPC) system for its proprietary high-precision tyre design platform, T-MODE. This move establishes a robust product development framework to expedite the creation of higher-performance tyres.

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Related news:

  1. Toyo Tires introduces ‘Mobility Aerodynamics’ technology
  2. Yokohama Rubber using AI to predict rubber properties
  3. Trelleborg Tires: Balancing performance & sustainability with AI
  4. Toyo Tires expanding capacity in Malaysia, USA
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Structural, management changes at Toyo Tires

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Toyo Tire Corporation has announced changes to its organisational structure as well as key personnel appointments. All take effect 1 July 2024.

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Related news:

  1. Toyo Tires tweaks R&D HQ’s organisational structure
  2. Toyo Tires dissolving Europe Project Development Department, appoints Murase GM of EMEA Sales
  3. Toyo Tires setting up European R&D centre
  4. Toyo Tires restructures European operation ahead of plant opening
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Toyo Tires takes on FIA Baja Challenge

Toyo Tires is set to compete in the second and sixth rounds of the FIA World Bajas Cup, Baja Greece and Qatar International Baja. For Baja Greece, which takes place between 22 and 25 May, Akira Miura, Toyo Tires’ Open Country Ambassador, will be at the helm of a Toyota Hilux prepared by Overdrive Racing. Miura will also pilot the vehicle in the Qatar International Baja, which will be held between 31 October and 2 November.

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Related news:

  1. Menzies wins 2023 Baja 400 in Toyo Tires equipped Trophy Truck
  2. US debut for Toyo Open Country A/T III EV
  3. Toyo Tires 7 Race Series commits to 2 more seasons
  4. Toyo Tire strategic partnership with SUV parts supplier JAOS
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Sustainable Toyo tyres winning NLS races

Cars equipped with Toyo Proxes slick race tyres containing sustainable materials have own two of first four Nürburgring Langstrecken-Serie races. The Toyota GR Supra GT4 EVOs of team Toyo Tires with Ring Racing were victorious in the first rounds of the Nürburgring Langstrecken-Serie in the SP10 class as well as in 24H Nürburgring Qualifier races.

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Related news:

  1. Toyo heading to the Nürburgring for 24 Hour Race
  2. Toyo Tires participating in endurance races at Nürburgring
  3. Toyo Tires with Ring Racing gets Nürburgring podium in NLS4
  4. Class podiums for four Giti Motorsport teams at Nürburgring 24-Hour
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2023 a profitable year for Toyo Tires

Toyo Tire Corporation should have no complaints about 2023, at least when looking at the company’s key financial figures. The Japanese firm has announced an 11.2 per cent year-on-year increase in net sales, to 552.8 billion yen (£2.9 billion). Operating income rose 74.6 per cent year-on-year, to 76.9 billion yen (£406.3 million) with a group-wide profit margin of 13.9 per cent.

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Related news:

  1. Toyo Tires’ tyre business improves in H1 2018, results muted by ‘dampner scandal’
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Toyo raises full-year 2021 estimates
  4. Toyo Tires closing US auto parts operation
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Inoue to head Toyo Tires’ Asia & Oceania Sales Division

Toyo Tire Corporation has appointed Koichi Inoue general manager of its Asia & Oceania Sales Division, effective 1 April 2024. Inoue joins the tyre maker from Mitsubishi Auto Leasing Corporation, where he served as the division’s chief executive.

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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Kono to lead Toyo Tires’ EMEA sales operation
  4. Toyo Tires setting up European R&D centre
/by

Toyo Tires dissolving Europe Project Development Department, appoints Murase GM of EMEA Sales

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Toyo Tire Corporation has announced changes related to its business within Europe. Effective 1 February, the company is “constructively” dissolving its International Production Division’s Europe Project Development Department. Meanwhile, Takanori Murase will become the new General Manager of Toyo Tire Corporation’s Europe, Sales Department and Sales Division for the Africa & Middle East region, effective 1 April 2024.

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Related news:

  1. Toyo Tires tweaks R&D HQ’s organisational structure
  2. Toyo Tires setting up European R&D centre
  3. Toyo Tires restructures European operation ahead of plant opening
  4. Kono to lead Toyo Tires’ EMEA sales operation
/by

Toyo Tires presents 90% sustainable materials tyre

At this month’s Tokyo Auto salon, Toyo Tires presented a concept tyre that utilises 90 per cent sustainable materials. Prior to this Sustainable Concept Tyre, the highest ever usage rate of sustainable materials in a Toyo tyre was 50 per cent, as seen in the Open Country MT/R tyres that have seen action in the 2024 Dakar Rally. The tyre maker thus considers the new concept, which “dramatically surpasses this share,” a “step forward towards a more viable future mobility.”

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Related news:

  1. Toyo Tires wins Tokyo Auto Salon 2024 prize
  2. Toyo Tires unveils noise reduction technology
  3. Toyo Tires approves USA factory expansion
  4. Toyo Tires alters Chinese brand name
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Toyo Tires wins Tokyo Auto Salon 2024 prize

Toyo Tires won the Grand Prize in the uprated SUV category for the Subaru Legacy Boost Gear Package it exhibited at Tokyo Auto Salon 2024.

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Related news:

  1. 3 tyre makers win Japan Good Design Awards
  2. Toyo Tokyo Auto Salon stand features Block and Baldwin
  3. Toyo exhibits global racing pedigree with Ken Block, BJ Baldwin at Tokyo Auto Salon
  4. Toyo Tires utilising European know-how for global product lines
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Toyo Tires announces European, North American management changes

Toyo Tires has rung in the New Year with several management changes. As of 1 January 2024, Ralf Gutena succeeds Kenta Kuribayashi as president of Toyo Tire Deutschland GmbH. Gutena remains director of sales and marketing at the company’s European head office, Toyo Tire Holdings of Europe GmbH. Kuribayashi continues in his remit as president of Toyo Tire Holdings of Europe GmbH.

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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires appoints Kuribayashi president of European production subsidiary
  3. Toyo Tires appoints Ralf Gutena to drive growth in Europe
  4. Toyo Tires appoints new GM for Africa & Middle East Sales Division
/by

Tire Industry CEOs commit to sustainability workplan

The CEOs of 10 leading tyre manufacturers have gathered to confirm a two-year Tire Industry Project (TIP) workplan focused on “sustainability in the tyre lifecycle”. The plans includes targets relating to tyre-emission research and end-of-life tyre management amongst other points.

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Related news:

  1. Tire Industry Project launches sustainability roadmap
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. Giti enters the top 10 of leading tyre manufacturers
  4. Brand Finance: Michelin most valuable and strongest tyre brand
/by

US debut for Toyo Open Country A/T III EV

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Toyo Tires has extended its all-terrain tyre range for North America to include a tyre aimed at electric trucks and SUVs. The tyre maker designed and is manufacturing the Toyo Open Country A/T III EV in the USA and plans to offer “a wide range of unique sizes and high-load combinations for 18- to 24-inch wheel diameters.” No word from Toyo so far about a UK or European launch.

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Related news:

  1. Menzies wins 2023 Baja 400 in Toyo Tires equipped Trophy Truck
  2. Vredestein Pinza AT debuts in Times Square
  3. North America: Goodyear launches EV aftermarket range
  4. Yokohama USA launches Geolandar A/T XD pickup truck tyre
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Menzies wins 2023 Baja 400 in Toyo Tires equipped Trophy Truck

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Toyo Tires

Bryce Menzies has won the Baja 400 for the third consecutive year in his Toyo Tires equipped Trophy Truck. Menzies previously claimed the Baja 500 and Mexican 1000 Races in 2023. Toyo-equipped trucks won all three trophy truck classes: Gustavo Vildósola Sr secured another victory in the Trophy Truck Legends class, while Jason McNeil claimed top spot in the Trophy Truck Spec class. These successes translate into a commanding lead in championship points across all three Trophy Truck categories this season. Each driver is now poised to begin the upcoming SCORE Baja 1000 race in November from pole position.

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Related news:

  1. Toyo Open Country W/T Audi’s choice for all-season SUV performance
  2. Toyo Tires launches Open Country AT Plus at Hungaroring
  3. Continental a founding partner in Extreme E off-road electric racing series
  4. Toyo Tires: We were proud to partner with Ken Block
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